Search for: "Official Committee of Unsecured Creditors"
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14 Apr 4:35 pm
... and some of the pros, cons and other considerations of and for serving on a creditors committee.
What is a committee? The formation of an official committee
of unsecured creditors is provided for under section 1102 of the U.S. Bankruptcy Code. ... will not
be paid for by the debtor's estate and will be the sole responsibility of the individual member as a single creditor of the debtor (please also note that it is advisable to
retain individual counsel in connection with the bankruptcy case even if ...
27 Dec, 2006 1:28 pm
Delta Airlines's unofficial committee of unsecured creditors are asking the airline to consider other options besides the "stand-alone" option the company had presented earllier this month ... approve any
reorganization plan by Delta if the plan is to be executed successfully. While the official committee
says that they currently support Delta's stand-alone plan, ... extension Delta has sought. Nov. 15. 2006 Delta Air Lines officials say they will review the proposal from
Tempe-based U-S Airways, but ...
6 Aug 8:04 am
... 11 bankruptcy protection on July 12, 2009 (more details on the bankruptcy filing can be found here). The Official Committee of Unsecured Creditors was appointed by the United States
Trustee on July 24, 2009 (more information on the Committee ... the "grocery store, supermarket chain and food processing industries, in
addition to several cases in the drugstore industry." The Creditors' Committee also sought to retain
Mesirow Financial Consulting LLC as its financial advisors in the bankruptcy cases. ...
12 Aug 7:42 am
In a motion filed yesterday with the bankruptcy court in Wilmington, Delaware, the Official Committee
of Unsecured Creditors appointed for Hayes Lemmerz International, Inc. and its affiliates requested
the appointment of an examiner pursuant to section 1104(c) ... consider approval of Hayes Lemmerz's disclosure statement and an extension of the August 20, 2009 deadline for the
Committee to commence an adversary proceeding or a motion to seek standing to pursue claims against Hayes Lemmerz's secured ...
30 Jan, 2007 9:35 am
... to Anne Granfield, a spokeswoman for the ad hoc committee, "As it stands, unless the official
committee comes out and says something, creditors won't have a choice." According ... after the order
for relief under chapter 11 of this title, the United States trustee shall appoint a committee of creditors holding unsecured claims and may appoint additional ... your free consultation, contact Sagaria Law, P.C.
today. Delta creditors want bankruptcy hearing postponed, WNC.com, January 30, 2007 Chapter 11, ...
25 Jan, 2006 8:50 am
... ' Committee to evaluate the propriety of possible confidentiality restrictions. Judge Drain noted that the diverse functions of
official committees -- serving as negotiating bodies for a plan, providing supervision and oversight over debtors, investigating the ...
participants in the process. In this capacity, committee members often receive confidential or proprietary information from the debtor and
others which their fiduciary duties of loyalty to the unsecured creditor body require them to hold ...
2 Feb, 2007 4:53 pm
The Official Unsecured Creditors' Committee for Delta Air Lines has approved the conditions of the airline carrier's $2.5 million financing plan to emerge from Chapter 11 bankruptcy. The
announcement comes as the ... , including postponing Delta's disclosure statement hearing that was scheduled on February 7, or it would pull its offer. Also, because several
creditors had objections with its disclosure statement, Delta is working with them to resolve those differences. The airline carrier wants its
...
29 Sep 3:39 am
The Official Committee of Unsecured Creditors appointed in the bankruptcy cases of Moore-Handley, Inc. and its affiliate, Hardware House, Inc., filed a motion yesterday requesting the
appointment of a chapter 11 trustee. Moore-Handley filed ... has shown itself to be incapable of managing the Debtor's affairs in a competent manner." In support of those statements,
the Committee makes three specific allegations of "incompetence, gross mismanagement and lack of respect for the bankruptcy process": " ...
11 Aug 7:52 am
... notes issued by an affiliate of Smurfit-Stone Container Corporation has challenged the current makeup of the Official Committee of Unsecured Creditors in the Smurfit-Stone bankruptcy cases and
has requested that the judge presiding over the cases ... responded and challenged the indenture trustee's assertion that the noteholders were not adequately represented by the current
Committee members. Smurfit-Stone Container Corporation and its affiliates filed voluntary chapter 11 bankruptcy petitions in ...
23 Sep 9:27 am
... Four, W. Clarkson McDow, Jr., filed a notice yesterday advising the bankruptcy court that it was unable to appoint an Official
Committee of Unsecured Creditors in the bankruptcy cases of
Luna Innovations, Inc. and Luna Technologies, Inc. According to the notice, the Trustee's office is unable to appoint a Creditors'
Committee because too few unsecured creditors expressed a
willingness to serve on the Committee. The two Luna companies voluntarily filed for chapter 11 bankruptcy protection on ...
29 Sep 3:19 am
... approved the recommendation of the bankruptcy administrator for the Middle District of Alabama and appointed the members of the Official
Committee of Unsecured Creditors in the Colonial BancGroup,
Inc. bankruptcy case. The Colonial BancGroup filed for chapter ... on August 25, 2009. Following a solicitation by the bankruptcy administrator, the following unsecured creditors expressed a willingness to serve on the Creditors'
Committee and were recommended for appointment: Fine Geddie & Associates ...
30 Sep 11:15 am
Today, the Official Committee of Unsecured Creditors appointed in the bankruptcy cases of Global Safety Textiles Holdings LLC and its affiliates filed a motion asking the bankruptcy court to terminate
the companies' exclusive rights to ... on September 2, 2009. A hearing to consider approval of the proposed disclosure statement is scheduled for October 2, 2009. The Committee's motion requests that the bankruptcy court "terminate exclusivity of [Global Safety Textiles Holdings LLC ("Holdings")] so as ...
21 Jul 11:25 pm
The United States Trustee has appointed the members of the Official Committee of Unsecured Creditors in the Oscient Pharmaceuticals Corporation bankruptcy case. Oscient Pharmaceuticals filed for
bankruptcy protection recently in the District of Massachusetts bankruptcy court. The members of the Creditors' Committee are: U.S. Bank, N.A. (as indenture trustee of 3.5% convertible promissory notes due in 2011) Motorlease Corp. ...
21 Jul 8:40 am
On Monday, the United States Trustee for the District of Delaware filed a notice with the bankruptcy court stating that no Official
Committee of Unsecured Creditors has been appointed in the
bankruptcy case of CCS Medical, Inc. CCS Medical filed a voluntary chapter 11 petition on July 8, 2009 in Delaware. The reason provided by the U.S. Trustee for not appointing a
Creditors' Committee is that the Trustee received an insufficient indication of interest by
creditors to serve on the ...
2 Aug 5:41 am
The United States Trustee has appointed the members of the Official Committee of Unsecured Creditors in the Everett Maritime, LLC bankruptcy case. Everett Maritime filed for bankruptcy protection
recently in the Northern District of Illinois bankruptcy court. The members of the Creditors' Committee are: GGLO, LLC Hoffman Construction Co. Methodologie Kosnick Engineering Landau Associates Notably, in light of the pending motion to ...
3 Sep 11:57 pm
Image via Wikipedia The United States Trustee has appointed the members of the Official Committee of
Unsecured Creditors in the Cabi Downtown, LLC. bankruptcy case. Cabi Downtown filed for bankruptcy
protection on August 18, ... Architects, Inc. Holly Sime Realty of Miami, Inc. The president of Gryphon Construction has been appointed as the temporary chairperson of the
Creditors' Committee. Download copies of every document filed in the Cabi Downtown bankruptcy case
and the bankruptcy cases of over ...
15 Sep 7:38 am
The United States Trustee has appointed the members of the Official Committee of Unsecured Creditors in the Pisces Energy, LLC and Palm Energy Partners, LLC bankruptcy cases. Pisces and Palm each
filed for bankruptcy protection on September 1, 2009 in the Southern District of Texas bankruptcy court. The members of the Creditors'
Committee are: Apache Corporation Baker Hughes Oilfield Services, Inc. Knight Well Services, Inc. Talen's Marine & Fuel LLC ...
23 Sep 9:22 am
The United States Trustee has appointed the members of the Official Committee of Unsecured Creditors in the Concord Steel, Inc. bankruptcy case. Concord Steel filed for bankruptcy protection on
September 14, 2009 in the Northern District ... Industrial Supply Co. (Wisco) Castleway Properties LLC's representative has also been appointed as the temporary chairperson of the
Creditors' Committee. Download copies of every document filed in the Concord Steel bankruptcy case
and the bankruptcy cases of over ...
27 Sep 3:10 pm
On Thursday, the United States Trustee for the District of Nebraska filed a notice with the bankruptcy court stating that no Official
Committee of Unsecured Creditors has been appointed in the
bankruptcy case of Altra Nebraska, LLC. Altra Nebraska filed a voluntary chapter 11 petition on August 13, 2009. The reason provided by the U.S. Trustee for not appointing a
Creditors' Committee is that the Trustee received an insufficient indication of interest by
creditors to serve on ...
27 Sep 3:06 pm
On Thursday, the United States Trustee for the District of Delaware filed a notice with the bankruptcy court stating that no Official
Committee of Unsecured Creditors has been appointed in the
bankruptcy cases of Triple Crown Media, Inc. and its ... Media filed a voluntary chapter 11 petition on September 14, 2009 in Delaware. The reason provided by the U.S. Trustee for not
appointing a Creditors' Committee is that the Trustee received an insufficient indication of interest
by creditors to serve on ...
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